Businesses have an important role in mitigating climate change and its impacts on human rights by reducing or preventing emission of greenhouse gases. Steps companies can take include improving energy efficiency of their operations and shifting from fossil fuels to renewable energy.
A growing movement of NGOs, foundations, and universities is calling for divestment from fossil fuels, to speed a transition to less-polluting forms of energy.
The following are key investigations & reports related to responsibility of fossil fuel companies:
Related stories and components
The ECOFIN Council adopted three sustainability measures of the Capital Requirement Directive and Capital Requirement Regulation for banks as part of the EU’s ‘Risk Reduction Measures package’:...
Correlation between companies committing to 100% renewable electricity and achieving above-average financial performance
Author: Capgemini Invent and The Climate Group
"This study shows that there is a direct correlation between committing to 100% renewable electricity and achieving above-average financial performance. RE100 members consistently perform better than their peers on two key financial performance...
USA: Patagonia donates $10M tax break to groups protecting the environment & finding solutions to the climate crisis
Author: Nick Visser, HuffPost
"Patagonia donates $10 million tax break to green groups, says Trump 'irresponsible'," 28 Nov 2018...
Civil society urges EU Council to ensure positive progression on development of disclosure requirements for sustainable investments
Author: ActionAid et al
19 Nov 2018...
Business leaders urge EU to ensure climate targets are aligned with just transition to net-zero emissions
Author: Sam Morgan, EURACTIV.com
Business leaders have urged the EU to scrap greenhouse gas emissions by 2050 and increase climate ambition in time to stick to the Paris Agreement, in a letter seen by EURACTIV....
Author: Climate Home News
"EU finance ministers call for transparency in climate finance", 6 Nov 2018...
European pension funds call on co's to adopt positions which are in line with goals of the Paris Agreement
Author: Investment & Pensions Europe
"Pension funds challenge European companies on climate lobbying", 29 Oct 2018...
USA: Indigenous women's delegation calls for stronger human rights & environmental protections in the Equator Principles
Author: Women's Earth & Climate Action Network, International
A fourth Indigenous Women’s Divestment Delegation will travel to New York City and Washington D.C. from October 15-17th, to take part in high-level meetings engaging the Equator Principle Association banks (EP banks) and the credit rating agency MSCI,...
- Related in-depth areas: Accountability: Loss & damage, litigation, shareholder activism Mitigation
- Related companies: Credit Suisse Deutsche Bank UBS
Author: Grantham Research Institute for Climate Change and the Environment
A ‘just transition’ for workers and communities as the world’s economy responds to climate change was included as part of the 2015 Paris Agreement. This guide sets out how investors can pursue the goal of a just transition as part of their core...
- Related in-depth areas: Mitigation
Author: The B Team
"Companies Step Up to Deliver a Just Transition", 13 Sep 2018...